EDA Packet 08.21.18 - Laserfiche WebLink

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4.0 Market Segments Cozzie's will appeal to a broad base of consumers in both the residential and business community. The location selected for Cozzie's was chosen based on the fact that there was once an operating restaurant on the site that seemed to do well within the community and the location is visible and easily accessible being right on highway 61 which is a well -traveled road. The owners of Cozzie's believe without a doubt that the city of Hugo can support another restaurant, especially one that will embrace the community. Cozzie's Lakeside Grill will be an establishment that will feature exceptional scratch made food, reasonable and competitive prices, a one of a kind ambience and outdoor patio in Hugo. The census data, based on population, income, and household size easily supports another restaurant in Hugo, Minnesota. Companies and industry in the area include Schwieters Companies, Wilson Tool, Northland Pallet, Loadmaster Lubricants, Drytech Restoration, J Olson Tool, Western Spring Manufacturing and several more. Besides having quite a few industrial/manufacturing businesses in and around Hugo, there is also Oneka Ridge golf course and Tanner Brook Golf Courses near the Hugo site, as Cozzie's is a popular destination for many golfers and offers golfer specials. Cozzie's will be located in zip code 55038. Therefore, it is important to know the general demographics of the area. Hugo 55038 2016 Population 14,532 (city -datacom) Median household age 35.2 Average household size 2.7 Median household income $90,360 • of family households 74.2% • of unmarried households 7.7% Forest Lake 55025 2016 Population 24,336 (city -datacom) Median household age 39.9 Average household size 2.7 Median household income $78,121 % of family households 56.3% % of unmarried households 7% White Bear Lake 55110 2016 Population 39,594 (dity-datacom) 13